[ news_virus_news ]
MasterCard Pushes New Electronic Invoicing Service
InternetWeek.com
News Source
2003-04-11
 Insider Reports RSS Feed
MasterCard wants to automate the business-to-business purchasing-payment process, which is largely based on manually processed paper purchase orders, invoices, and checks. The annual cost of doing it that way at the average billion-dollar-corporation: $30 million.
So the credit-card company has unrolled MasterCard e-P3, a new B-to-B payment program that integrates its existing purchasing card program--which is now used only for small-ticket purchases, not for large transactions--with electronic invoicing programs. Buyers install an e-P3 adapter in their back-end accounts-payable and purchasing systems. They can then post purchase orders on a closed Internet site. Suppliers can respond by either automatically reformatting the electronic order into an invoice, fill in a standard invoice offered by MasterCard, or upload a file of any format from their back-end systems. Business rules allow the MasterCard system to bounce back any unsatisfactory invoices to the supplier before even passing them to the buyer.
Click below to read this article at the InternetWeek.com website:
http://www.internetweek.com
About the Author:
InternetWeek.com is an iformation website with a heavy focus on four important topic areas that connect the enterprise -- Supply Chain, Web Development, Security, and IT Services. InternetWeek.com is part of The TechWeb Network which is a group of the most powerful, most recognized brand names on the web for reaching high-level IT decision-makers with buying power. And, when it comes to reaching the people who make technology buying decisions at large enterpises, the smart money comes to the TechWeb Network of web sites.
More news_virus_news Articles
Insider Reports RSS Feed
|
|
iEntry 10th Anniversary
RSS
Archive
